BlackRock Saudi Arabia, a unit of BlackRock Inc., and the Public Investment Fund (PIF) announced the signing of a memorandum of understanding (MoU) by which BlackRock will establish a Riyadh-based multi-asset class investment platform. It will be anchored by an initial investment mandate of up to US$ 5 billion from PIF, subject to the achievement…
Saudi Arabia’s Public Investment Fund (PIF) announced two initiatives to support the development of Saudi Arabia’s asset management industry. The announcements were made at PIF’s inaugural Asset Management Forum at the Future Investment Initiative (FII7) in Riyadh, included the PIF Managers Gate Platform and the Portfolio Management Development Program. The PIF Asset Management Forum was…
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